The head of Legal & General’s later living arm has joined a European logistics services business to set up its property investment arm.
Phil Bayliss will become chief executive of Infinium Logistics Properties, a new division of Infinium Group that will aim to put institutional money to work in decarbonising the logistics chain, investing in real estate and electric vehicle infrastructure.
Infinium pointed to research from Gartner that shows the last-mile logistics sector accounts for “a disproportionate volume of carbon emissions in the areas that people live”.
Baylis worked at Legal & General for 14 years, most recently as chief executive of later living at Legal & General Capital. In that role he set up retirement communities operator Inspired Villages, of which he will now become executive chairman.
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